GNETWORK SERVICES LTD

Company Registration Number:
08561689 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

GNETWORK SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GNETWORK SERVICES LTD

Company Information

for the Period Ended 30 June 2023




Director: Kehinde Makinwa
Gbenga Oke
Registered office: 71
Bismore Road
Banbury
England
OX16 1JN
Company Registration Number: 08561689 (England and Wales)

GNETWORK SERVICES LTD

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from 01 July 2022 to 30 June 2023
Kehinde Makinwa
Gbenga Oke

This report was approved by the board of directors on 20 March 2024
And Signed On Behalf Of The Board By:

Name: Kehinde Makinwa
Status: Director

Name: Gbenga Oke
Status: Director

GNETWORK SERVICES LTD

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£

2022
£
Turnover 80,438 73,512
Cost of sales ( 30,950 ) ( 29,528 )
Gross Profit or (Loss) 49,488 43,984
Administrative Expenses ( 46,861 ) ( 42,233 )
Operating Profit or (Loss) 2,627 1,751
Profit or (Loss) Before Tax 2,627 1,751
Tax on Profit ( 575 ) ( 409 )
Profit or (Loss) for Period 2,052 1,342

The notes form part of these financial statements

GNETWORK SERVICES LTD

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 2,747 950
Total fixed assets: 2,747 950
Current assets
Cash at bank and in hand: 17,052 29,418
Total current assets: 17,052 29,418
Creditors: amounts falling due within one year: 5 ( 575 ) ( 9,330 )
Net current assets (liabilities): 16,477 20,088
Total assets less current liabilities: 19,224 21,038
Creditors: amounts falling due after more than one year: 6 ( 14,252 ) ( 18,118 )
Total net assets (liabilities): 4,972 2,920

The notes form part of these financial statements

GNETWORK SERVICES LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,971 2,919
Shareholders funds: 4,972 2,920

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 March 2024
And Signed On Behalf Of The Board By:

Name: Kehinde Makinwa
Status: Director

Name: Gbenga Oke
Status: Director

The notes form part of these financial statements

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 July 2022 2,550 2,550
Additions 2,197 2,197
Disposals - -
Revaluations - -
Transfers - -
At 30 June 2023 4,747 4,747
Depreciation
At 01 July 2022 1,600 1,600
Charge for year 400 400
On disposals - -
Other adjustments - -
At 30 June 2023 2,000 2,000
Net book value
At 30 June 2023 2,747 2,747
At 30 June 2022 950 950

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 575 409
Other creditors 8,921
Total 575 9,330

GNETWORK SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 14,252 18,118
Total 14,252 18,118